SHB is expected to be included in the FTSE Global All Cap index basket.

This event also opens the door to passive capital flows from ETFs and global index funds, a group of investors holding trillions of dollars in assets in the international financial market. In the context of Vietnam being closely monitored for its upgrading process, a domestic bank code likeSHB being added to the global index basket will be a signal that this stock is approaching the criteria of scale, liquidity and information transparency according to FTSE standards.

The financial report for the first 9 months of 2025 shows that SHB recorded pre-tax profit of VND 12,307 billion, up 36% over the same period and completing about 85% of the yearly plan.

As of September 30, 2025, total assets reached VND 852,695 billion, an increase of about 14% compared to the end of 2024 and gradually moving towards the target of VND 1 million billion by 2026. Outstanding credit balance reached nearly VND 616,600 billion, an increase of about 15% compared to the beginning of the year, showing that the bank still maintains the growth rate, closely following the orientation of ensuring the unblocking of credit capital sources, contributing to promoting economic growth and stabilizing the macro economy.

In terms of capital structure, SHB has completed the issuance of 528.5 million shares to pay 2024 dividends at a rate of 13%, after prepaying 5% cash dividends, raising the total dividend rate in 2024 to 18% and officially increasing its charter capital to VND 45,942 billion. This capital scale helps SHB maintain its position in the Top 5 private commercial banks with the largest charter capital in the system, while improving the capital adequacy ratio (CAR) to over 12%, significantly higher than the minimum level of 8% as prescribed.

The bank is also implementing a plan to increase its charter capital to VND53,442 billion through private issuance, existing shareholder shares and ESOP, to strengthen its financial capacity and expand its scale of operations.

Opportunity to attract foreign capital

When a stock is added to the basket, index tracking funds will buy in proportion, forming a relatively stable passive capital flow in the medium term because the funds must maintain the corresponding proportion for a certain period of time to follow the index.

The actual cash flow will depend on the total assets under management of the funds restructuring the FTSE portfolio, the proportion of the Vietnamese market and SHB's own weight in the index, but in principle, being added to the basket is a necessary condition for the stock to enter the "map" of capital allocation of the global ETF block. With liquidity of tens of millions of shares per session, many sessions exceeding hundreds of millions of shares in recent months and foreign room still having room, SHB possesses the necessary technical factors to meet the selection criteria of many index baskets.

In terms of valuation, SHB is currently seen by the market as one of the bank codes with a P/E ratio of 6-7 times and P/B of ~1.1 times, lower than some banks in the same group, while profits are still growing in double digits and total assets have exceeded VND 850,000 billion. After being added to the global index basket, buying power from passive funds, combined with the current valuation being discounted compared to the general level, can become a catalyst to narrow the valuation gap with banks that are "attached to premiums" by the market.

Along with the index story, the domestic market is paying special attention to SHB's next capital increase plans and dividend policy. The bank has announced a new capital increase plan, which could raise its charter capital from VND45,942 billion to higher levels in the coming years to meet the needs of asset growth and higher safety standards.

In its strong and comprehensive transformation strategy, SHB is currently focusing on four pillars: Reforming mechanisms, policies, regulations, and processes; People are the subject; Taking customers and markets as the center; Modernizing information technology and digital transformation.

SHB aims to become a TOP 1 Bank in terms of efficiency; Most favorite Digital Bank; Best Retail Bank and a TOP Bank in providing capital, financial products and services to strategic private and state-owned corporate customers, with a supply chain, value chain, ecosystem, and green development. Vision to 2035, SHB will become a modern retail bank, a green bank, a digital bank in the TOP of the region.

Source: https://baodautu.vn/shb-duoc-du-bao-vao-ro-chi-so-toan-cau-ftse-global-all-cap-d434343.html